ROSLYN, N.Y., July 27, 2016 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company"
or "us"), a company engaged in shipping, chartering, logistics and
related services, today announced the signing of a Strategic
Cooperation Agreement (the "Agreement") with COSCO Logistics
(Americas) Inc. ("COSCO Logistics"), in which both companies will
mutually provide logistics services between China and the United
States and develop shipping customers as an end-to-end
global logistics service. COSCO Logistics is part of China
COSCO Holdings Company Ltd. (1919.HK/601919.SS), China's largest integrated shipping company
which is publicly traded on both
Shanghai Stock Exchange and Hong Kong Stock Exchange.
Sino-Global expects to work with COSCO Logistics to provide
inland transportation services in US for shipments to and from
China. The Company has worked to expand its business to
provide logistics services to customers who ship goods into the
U.S.A. In January 2016
Sino-Global formed a new subsidiary, Sino-Global Shipping LA Inc.,
and has been working to integrate inland trucking services to both
coasts in the United States. These
services include cargo forwarding, trucking and customs declaration
and filing. The Company is seeking additional customer
relationships and believes this partnership will assist in
broadening its potential customer base.
As part of the Agreement, the two companies will also assess
locations in America to potentially establish warehouse /
distribution facilities in the coming months and share pricing
information for short-haul trucking across selected regions of the
country.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "We
are very excited to expand and reinforce our long-term relationship
with COSCO. This Agreement combines our logistics expertise
and relationships with that of COSCO's service component in
Asia to provide a seamless bridge
between China and the United States. We believe that both of our
management teams share a similar vision for collaboration between
merchants based in China and
integrating trucking services in America coupled with the growing
trend of e-commerce driven logistics services. Since
establishing our west coast subsidiary, we have leveraged our
global relationships to forge ahead with new customer agreements.
We are very pleased with the progression and look forward to
continuing to provide updates to our investors."
About COSCO Logistics Americas
COSCO Logistics Americas is a leading global supply chain
services company dedicated to providing a wide range of
transportation and distribution services. With operation centers
strategically located throughout North
America, COSCO Logistics offers an integrated supply chain
network, designed to streamline supply chain and reduce cycle times
from order placement to delivery.
COSCO Logistics is a subsidiary of China COSCO Holdings Company,
China's largest integrated
shipping company. China COSCO Holdings Company is public listed on
Shanghai Stock Exchange under the code of 601919.SS as well as Hong
Kong Stock Exchange under the code of 1919.HK.
About Sino-Global Shipping America, Ltd.
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. is a company engaged in
shipping, chartering, logistics and related services. Headquartered
in New York, Sino-Global has
offices in Los Angeles, Mainland
China, Australia, Canada and Hong
Kong. The Company's current service offerings consist of
shipping agency services, shipping and chartering services, inland
transportation management services and ship management services.
Additional information about Sino-Global can be found on the
Company's corporate website at www.sino-global.net. The Company
routinely posts important information on its website.
Forward Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase any security. Such an offer can only be made
in accordance with the Securities Act of 1933, as amended, and
applicable state securities laws. Any statements contained in this
release that relate to future plans, events or performance are
forward-looking statements that involve risks and uncertainties as
identified in Sino-Global's filings with the Securities and
Exchange Commission. Actual results, events or performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
the date hereof. Sino-Global undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements that may be made to reflect the events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
Contact Information
The Equity Group Inc.
Adam Prior
Senior Vice-President
(212)-836-9606 / aprior@equityny.com
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SOURCE Sino-Global Shipping America, Ltd.